Showing 1 - 10 of 129
Despite escalating disaster losses and predicted increases in weather-related catastrophes, takeup of protective …
Persistent link: https://www.econbiz.de/10012794648
We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about … since disaster leads to pessimistic arrival-rate beliefs and taxes or mandates to fund mitigation, which reduce consumption …
Persistent link: https://www.econbiz.de/10012482023
earthquake protection in Quebec and British Columbia is influenced by the default option and the structure of the insurance plan …. Homeowners in both provinces were given the opportunity to purchase protection against earthquake losses when presented with one … pool rather than the current private insurance plan increases the likelihood of purchasing earthquake protection by 151 …
Persistent link: https://www.econbiz.de/10012616592
The Messina-Reggio Calabria Earthquake (1908) was the deadliest earthquake and arguably the most devastating natural … disaster in modern European history. It occurred when overseas mass emigration from southern Italy was at its peak and … international borders were open, making emigration a widespread phenomenon and a readily available option for disaster relief. We …
Persistent link: https://www.econbiz.de/10012481361
We investigate determinants of private and public generosity to Katrina victims using an artifactual field experiment. In this experiment, respondents from the general population viewed a short audiovisual presentation that manipulated respondents' perceptions of the income, race, and...
Persistent link: https://www.econbiz.de/10012465435
quality of aid delivered and social agendas pursued across neighboring villages in a set disaster context. We model the …
Persistent link: https://www.econbiz.de/10012460950
What is the impact and value of hurricane forecasts? We study this question using newly-collected forecast data for major US hurricanes since 2005. We find higher wind speed forecasts increase pre-landfall protective spending, but erroneous under-forecasts increase post-landfall damage and...
Persistent link: https://www.econbiz.de/10014576576
The government often provides relief against large risks, such as disasters. A simple, general rationale for this role of government is considered here that applies even when private contracting to share risks is not subject to market imperfections. Specifically, the optimal private sharing of...
Persistent link: https://www.econbiz.de/10012458472
COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster …
Persistent link: https://www.econbiz.de/10012585452
impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a … disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …
Persistent link: https://www.econbiz.de/10012481943